In Bank Nifty Services our research expert recommend accurate Nifty/Bank Nifty calls in intraday and positional basis with current market news

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Weekly Equity
Report
10-6-2019 support@starindiaresearch.com 8817002233
Nifty View
It has been a volatile truncated week for India markets as Nifty50, which had jumped to a record high of
12,103.05 on June 3, failed to even hold on to 11,900 levels towards the close of the week. Benchmark
indices closed with minor gains. But, for the week that ended on June 7 Nifty snapped their three-week
winning streak and closed with losses of 0.44 percent respectively.
Weekly Chart
By Senior Researcher – Miss Namrata Otwani

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Open interest for the week
G
Most Active Nifty option
Scrip Strike price Option type Open Interest
Nifty 12000 CE 2110575
Nifty 12100 CE 1519425
Nifty 11800 PE 1478100
Monday Tuesday Wednesday Thursday Friday
19791075 19274550 - 19305450 18549825
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Bank Nifty View
Bank Nifty ended Friday's session on volatile note with marginal gains, lifted by HDFC twins and private bank stocks
such as DCB Bank, Indusind Bank gains more than 2 percent. For now buying could be seen in coming session as
closed above 20 DMA on daily charts which further indicates buying in Index.
Weekly Chart
Open interest for the week
Monday Tuesday Wednesday Thursday Friday
1999940 2065360 - 2052120 2027820
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Most Active Bank Nifty option
Weekly FII DII
FII RS CRORE
DATE GROSS PURCHASE GROSS SALE
NET
PURCHASE/SALE
7-Jun-19 3,031.66 3,510.50 -478.84
6-Jun-19 6,977.43 8,426.42 -1,448.99
5-Jun-19 - - -
4-Jun-19 4,921.33 5,337.41 -416.08
3-Jun-19 7,752.61 4,683.73 3,068.88
DII RS CRORE
DATE GROSS PURCHASE GROSS SALE
NET
PURCHASE/SALE
7-Jun-19 2,489.85 2,310.06 179.79
6-Jun-19 4,050.97 4,701.81 -650.84
5-Jun-19 - - -
4-Jun-19 2,338.90 2,694.32 -355.42
3-Jun-19 2,587.64 3,050.33 -462.69
Scrip Strike price Option type Open Interest
Bank Nifty 30000 PE 586780
Bank Nifty 30500 PE 503480
Bank Nifty 30500 CE 273760
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SECTOR SCAN
Sector % Chg Advance Decline
Food & Beverages -0.49% 21 56
Information Technology 0.63% 45 48
Manufacturing 0.12% 70 117
Media & Entertainment -0.29% 15 29
Metals & Mining -0.84% 29 51
Miscellaneous 0.28% 70 99
Oil & Gas -0.64% 11 11
Pharmaceuticals -0.58% 31 50
Retail & Real Estate -0.74% 10 38
Services -0.25% 24 61
Telecommunication 0.50% 5 21
Tobacco -0.20% 1 4
Utilities -1.03% 10 13
Food & Beverages -0.49% 21 56
Information Technology 0.63% 45 48
Manufacturing 0.12% 70 117
Media & Entertainment -0.29% 15 29
Metals & Mining -0.84% 29 51
Miscellaneous 0.28% 70 99
Oil & Gas -0.64% 11 11
Pharmaceuticals -0.58% 31 50
Sectoral Indices:
Name %change
NIFTY BANK 0.68
NIFTY AUTO -0.42
NIFTY FIN SERVICE 0.91
NIFTY FMCG -0.29
NIFTY IT 0.61
NIFTY MEDIA -0.02
NIFTY METAL -0.55
NIFTY PHARMA -1.2
NIFTY PSU BANK -0.18
NIFTY PVT BANK 0.62
NIFTY REALTY -0.48
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NEWS CORNER
1. Voltas shares gained 5 percent on June 7 on strong hope that scorching summer due to
delayed monsoon will boost earnings in Q1FY20. While maintaining buy call on the stock
with a target price at Rs 675 (revised from Rs 658), HDFC Securities said it increased EPS
estimates by 2 percent, driven by higher growth in unitary cooling products (UCP) led by
scorching summer and market share gains (higher offtake in fixed speed).
2. ICICI Prudential Life Insurance Company shares gained 2 percent intraday on June 7 after
Emkay maintained buy call on the stock with a revised target price of Rs 435, implying 15
percent potential upside. IPRU management targets absolute value of new business (VNB)
growth of 19-25 percent over the next 3-4 years.
3. CESC shares gained almost 2 percent intraday on June 7 after global brokerage firm Citi put a
buy call on the stock and raised its target price to Rs 891 from Rs 871 earlier. The brokerage
raised its standalone EPS estimates by 4 percent and consolidated EPS estimates by 12-18
percent over FY20-21.
4. SpiceJet shares fell nearly 3 percent intraday on June 7 after global brokerage firm HSBC
downgraded SpiceJet to reduce. The stock was quoting Rs 144.65, down Rs 1.60, or 1.09
percent on the BSE, at 1125 hours. However, it rallied 71 percent in the last three months
after Jet Airways suspended its operations and crude oil prices fell.
5. Shares of Manappuram Finance tanked as much as 10 percent intraday on June 7 after SEBI
issued a notice to the company alleging insider trading. According to a report in Business
Standard, the market regulator issued a show-cause notice to five Asset Management
Companies (AMCs) including SBI Fund Management, ING Mutual Fund (now Birla Sunlife),
BNP Paribas, Ambit Capital and Manappuram on charges of using price-sensitive information
for trading in the scrip of Manappuram Finance (MFL) in March 2013.
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STOCK OUTLOOK
RECLTD FUT :- Stock had given breakouts of its systematic triangle pattern and sustain above it
which further indicates buying in stock .
Stock performance
VWAP 151.44
Traded Volume (Contracts) 3139
Traded Value (lacs) 28522.21
Market Lot 6000
Weekly High 153
Weekly Low 144.15
Rating Matrix by Researcher
Rating BUY
R1/R2 160/170
S1/S2 130/110
LEVEL 153
Stock in ban period
DHFL, IDBI, PCJEWELLER.
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